Steampunk Wizards Inc (OTCMKTS: SPWZ) Slipping Again

[[tagnumber 0]][[tagnumber 1]]The stock of Steampunk Wizards Inc (OTCMKTS:SPWZ) started to attract investors in August when it reached prices of around $2 per share. The beginning of this month, however, went quite badly and we saw the ticker lose a lot of altitude over the course of four red sessions in a row.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]The company stock managed to stabilize on its own, but has been struggling to do so. One of the most obvious reasons for this is the financial situation in the company. The numbers of prime interest featured in the company’s report for the quarter ended April 30, 2015 don’t look very flattering.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 9]] [[tagnumber 10]]cash: $35 thousand[[tagnumber 11]] [[tagnumber 10]]current assets: 35 thousand[[tagnumber 11]] [[tagnumber 10]]current liabilities: $75 thousand[[tagnumber 11]] [[tagnumber 10]]quarterly revenues: ZERO[[tagnumber 11]] [[tagnumber 10]]quarterly net loss: $118 thousand[[tagnumber 11]] [[tagnumber 20]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Looking at these numbers we are not quite sure how they manage to support the current market cap of the company. Still, we can’t say that [[tagnumber 24]]SPWZ[[tagnumber 25]] is doing very good in the charts. Even after the optimistic press release from last week the company stock was still struggling.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]This week started off rather well for the ticker, but things turned around pretty fast. After dropping 13.10% in yesterday’s session [[tagnumber 24]]SPWZ[[tagnumber 25]] fell even below last weeks close and finished the day with a price of $0.73 while a total of 99.5 thousand traded shares generated $76 thousand in daily dollar volume.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Today’s session hasn’t started very well either, and judging by the market cap that is sitting at nearly $20 million we might see [[tagnumber 24]]SPWZ[[tagnumber 25]] drop further. Doing your due diligence and weighing out the risks before putting any money on the line is absolutely crucial.[[tagnumber 2]]